I am obtaining a mortgage with Santander. I would like to instruct a Licensed Conveyancer in Kensington. Does the Santander Solicitor panel allow for Licensed Conveyancers?
The Santander conveyancing panel is, like many other lenders, represented by the Council or Mortgage Lenders or BSA, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
We're in Kensington, FTBs buying with a mortgage (lender is Barclays , and our lawyer is on the Barclays conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Barclays conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancing practitioner should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
I have been told that property searches are the number one cause of obstruction in Kensington house deals. Is that correct?
The Council of Property Search Organisations (CoPSO) released findings of a review by MoveWithUs that conveyancing searches do not feature within the common causes of delays in the conveyancing process. Local searches are not likely to feature in any holding up conveyancing in Kensington.
How does conveyancing in Kensington differ for new build properties?
Most buyers of new build property in Kensington approach us having been asked by the developer to exchange contracts and commit to the purchase even before the property is completed. This is because developers in Kensington usually purchase the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Kensington or who has acted in the same development.
I am using a search engine for the term conveyancing in Kensington it brings up numerous solicitorslocally. With so much choice what is the best way to find the suitable solicitor for purchase transaction?
The ideal method of choosing a suitable conveyancer is through a trusted referral, so enquire of friends and relatives who have purchased a property in Kensington or a respected estate agent or financial adviser. Charges for conveyancing in Kensington vary, so it's sensible to secure a minimum of three fee estimates from different conveyancers. Dont forget to clarify that the costs are guaranteed not to increase.
I am thinking of appointing a web based property lawyer rather than a Kensington conveyancing practice. Any advice?
Advantages do exist in having the option attend a local Kensington conveyancing solicitor for example
- signing papers and and when necessary
- getting face-to-face explanations of things that you need help with
- the ability to complain if matters are not going as expected
When comparing quotes, look carefully for hidden extras. The majority decent Kensington high street solicitors give an all-inclusive price. Often online agents appear to offer low cost fees, but have hidden 'extras' in the fine print.